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20121126
20121126
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FOX Business
Nov 25, 2012 9:00pm EST
americans started going west following the california. for example, the california gold rush. a land didn't belong to them. the country did not belong to them. it was mexico. you went in, but 800 mining claims association got 3 million americans. after a while you decided, why keep on shooting at each other. in the beginning of the 20th century you go out, create a private property system. that brought in banks, and you create. >> but california really got rich. the rest of the world is not. what is the difference? >> you americans at that time were absolutely conscious of what the rule of law was about. people kept on moving from the east coast to the west coast george washington called in bandied. the band is don't have a right to be here. congress can around and said, oh, yes ey do. you start rewarding properton the basis of improvement. john: we did not always have these in america. american settlers worked out their own generally exempted right to property. >> those areas where you shaved off part of the tree. indicate they had accepted it. in some cases where they grew corn, for exa
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